Kenneth Rogoff, the International Monetary Fund’s (IMF) former chief economist, told the press that Bitcoin’s “actual uses as a transaction vehicle are very small”.
“I think Bitcoin will be worth a tiny fraction of what it is now if we’re headed out 10 years from now,” he said. “I would see $100 as being a lot more likely than $100,000.”
Clearly, Rogoff does not share the sentiment of some in the cryptocurrency community, who think Bitcoin will head “to the moon.”
“It is one thing for governments to allow small anonymous transactions with virtual currencies; indeed, this would be desirable,” Rogoff had said a while ago. “But it is an entirely different matter for governments to allow large-scale anonymous payments, which would make it extremely difficult to collect taxes or counter criminal activity.”Buy Bitcoin now
NOTE: This article is not an investment advice. Any references to historical price movements or levels is informational and based on external analysis and we do not warranty that any such movements or levels are likely to reoccur in the future.
In accordance with European Securities and Markets Authority’s (ESMA) requirements, binary and digital options trading is only available to clients categorized as professional clients.
GENERAL RISK WARNING
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
73% of retail investor accounts lose money when trading CFDs with this provider.
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.